In the instructions for Sched B, it states:
"Purpose of Form Use Schedule B if any of the following applies. ? You had over $1,500 of taxable interest or ordinary dividends."
I take the "or" to mean if I had $1499 of each ($ 2998 total of the
Am I correct ??
That's how I read it.
I (not a tax professional) think so, too. Don't forget, you still have to report that income on Form 1040 (I think Lines 8 and 9).
That's how I read it. ====Exactly $3,000 ($1,500 of each) doesn't mandate the form either. It says "over", not "at least."
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